Home / Knowledge / News / Fashion / Nordstrom Q4 earnings thrive 36% following strong sales

Nordstrom Q4 earnings thrive 36% following strong sales

Feb '06
Fashion specialty retailer Nordstroms Inc reported net earnings of $190.4 million, or $0.69 per diluted share, for the fourth quarter ended January 28, 2006.

For the same period last year, net earnings and earnings per diluted share were $140.0 million and $0.50, respectively.

Total sales for the fourth quarter of 2005 increased 9.3 percent, to $2.3 billion, compared to sales of $2.1 billion in the same period last year.

Fourth quarter same-store sales increased 5.8 percent.

Fourth Quarter Highlights
Net earnings increased 36 percent in the fourth quarter compared to the same quarter last year, reflecting strong sales momentum and ongoing operating improvements.

The company remains committed to providing a differentiated shopping experience and delivering superior long-term financial performance.

-- Same-store sales increased 5.8 percent for the quarter, higher than the company's one to three percent same-store sales guidance.

Continued improvement in regular price sales throughout the quarter and a successful Men's Half-Yearly clearance event drove the sales increase.

-- Gross profit, as a percent of sales, increased 81 basis points.

This improvement was a result of sales leverage on buying and occupancy costs.

-- The same-store sales increase combined with expense control resulted in a 70 basis point reduction in selling, general and administrative expenses on a percent to sales basis.

Must ReadView All

Pic: Shutterstock

Textiles | On 19th Feb 2020

CLMV nations urged to export goods items to Japan

Cambodia, Laos, Myanmar and Vietnam (CLMV) were recently encouraged...

Pic: Shutterstock

Apparel/Garments | On 19th Feb 2020

Turkey's apparel sector sets $19 bn export target in 2020

Turkey's apparel sector, which sold goods worth $17.7 billion to...

Pic: Shutterstock

Apparel/Garments | On 19th Feb 2020

Dhaka to explore European markets for leather goods export

The Bangladesh government would explore markets in Europe for...

Interviews View All

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Milva Morani,

Milva Morani

Brighi Technologies began in 1970 with trading and repairing sewing...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Frank Heislitz, Freudenberg

Frank Heislitz

Freudenberg Performance Materials is a leading global manufacturer of...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search